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EconomyMacroeconomy
Eurosystem funding drops by 3.9 bln in July on big decline in ELA Greek banks’ Eurosystem funding fell for the 25th successive month in July when it declined by a further 3.89 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyMacroeconomy
Capital controls to ease further from the beginning of September Individuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015.
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EconomyFeatures
Mandatory e-payments come into force as Greece seeks to boost card use further Electronic payment options have become mandatory for a wider range of businesses and professions as a move to combat tax evasion and boost VAT revenues.
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EconomyMacroeconomy
Deposit inflows increase to 1.1 bln in June The deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday.
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EconomyMacroeconomy
Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln The pace of credit contraction in the Greek market accelerated for the second successive month in June, reaching 1.3 percent, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Credit standards and demand for corporate, household loans stay stable in Q2 Credit standards for both corporate and household loans stayed unchanged from the previous quarter in Q2 of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey showed on Tuesday.
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EconomyMacroeconomy
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity Greek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped by another 2.67 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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EconomyBanking
Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details Bank of Greece (BoG) released on Tuesday the third second issue of its semi-annual overview of the Greek financial sector presenting an analysis of the latest loan quality figures.
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EconomyMacroeconomy
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
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EconomyBanking
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.